3740-3732 Asbury Street, Indianapolis, IN 46227

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
3740-3732 Asbury Street,Indianapolis, IN 46227
$265,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: antwon culbreath
Office: redfin corporation
MLS#:22122499
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$265,000

About this home

Investor opportunity with immediate rental income and significant value-add potential! This property includes two well-maintained homes, a buildable lot situated between them, and an additional heated garage. Further maximize the property by finishing the basement, which already has a separate private entrance, into an additional unit or developing the middle lot for a third standalone property. Both homes are currently leased through summer 2027, with the 2-bedroom home renting for $1,400/month and the 1-bedroom home at $950/month. With established rental income, multiple expansion opportunities, potential for future rent growth, and a convenient location near the University of Indianapolis, this property offers strong long-term investment potential. Additional properties from the same portfolio are also available for purchase.

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Home facts

  • Year built:1937
  • Subdivision & Development:University Heights
  • Listing ID #:22122499
  • Added:49 day(s) ago
  • Updated:October 14, 2026 at 03:34 PM

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1937
  • Lot area:0.44 Acres

Finances and disclosures

  • Price:$265,000

Parking

  • Garage:Yes
  • Garage spaces:2
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